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PIEQX vs. FSPSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PIEQX and FSPSX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

PIEQX vs. FSPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Equity Index Fund (PIEQX) and Fidelity International Index Fund (FSPSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PIEQX:

0.64

FSPSX:

0.67

Sortino Ratio

PIEQX:

1.07

FSPSX:

1.11

Omega Ratio

PIEQX:

1.15

FSPSX:

1.15

Calmar Ratio

PIEQX:

0.87

FSPSX:

0.91

Martin Ratio

PIEQX:

2.50

FSPSX:

2.64

Ulcer Index

PIEQX:

4.77%

FSPSX:

4.69%

Daily Std Dev

PIEQX:

16.98%

FSPSX:

16.78%

Max Drawdown

PIEQX:

-61.04%

FSPSX:

-33.69%

Current Drawdown

PIEQX:

0.00%

FSPSX:

0.00%

Returns By Period

The year-to-date returns for both investments are quite close, with PIEQX having a 14.15% return and FSPSX slightly higher at 14.28%. Both investments have delivered pretty close results over the past 10 years, with PIEQX having a 5.36% annualized return and FSPSX not far ahead at 5.56%.


PIEQX

YTD

14.15%

1M

9.41%

6M

10.45%

1Y

10.85%

5Y*

12.32%

10Y*

5.36%

FSPSX

YTD

14.28%

1M

9.34%

6M

10.63%

1Y

11.22%

5Y*

12.56%

10Y*

5.56%

*Annualized

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PIEQX vs. FSPSX - Expense Ratio Comparison

PIEQX has a 0.29% expense ratio, which is higher than FSPSX's 0.04% expense ratio.


Risk-Adjusted Performance

PIEQX vs. FSPSX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIEQX
The Risk-Adjusted Performance Rank of PIEQX is 6767
Overall Rank
The Sharpe Ratio Rank of PIEQX is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of PIEQX is 6464
Sortino Ratio Rank
The Omega Ratio Rank of PIEQX is 6363
Omega Ratio Rank
The Calmar Ratio Rank of PIEQX is 8080
Calmar Ratio Rank
The Martin Ratio Rank of PIEQX is 6565
Martin Ratio Rank

FSPSX
The Risk-Adjusted Performance Rank of FSPSX is 6969
Overall Rank
The Sharpe Ratio Rank of FSPSX is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of FSPSX is 6666
Sortino Ratio Rank
The Omega Ratio Rank of FSPSX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of FSPSX is 8181
Calmar Ratio Rank
The Martin Ratio Rank of FSPSX is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PIEQX vs. FSPSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Index Fund (PIEQX) and Fidelity International Index Fund (FSPSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current PIEQX Sharpe Ratio is 0.64, which is comparable to the FSPSX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of PIEQX and FSPSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

PIEQX vs. FSPSX - Dividend Comparison

PIEQX's dividend yield for the trailing twelve months is around 2.53%, which matches FSPSX's 2.54% yield.


TTM20242023202220212020201920182017201620152014
PIEQX
T. Rowe Price International Equity Index Fund
2.53%2.89%3.01%2.67%2.42%1.71%2.68%2.99%2.42%2.90%2.69%3.33%
FSPSX
Fidelity International Index Fund
2.54%3.27%2.79%2.66%3.07%1.84%3.18%2.79%2.36%2.99%2.79%3.53%

Drawdowns

PIEQX vs. FSPSX - Drawdown Comparison

The maximum PIEQX drawdown since its inception was -61.04%, which is greater than FSPSX's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for PIEQX and FSPSX. For additional features, visit the drawdowns tool.


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Volatility

PIEQX vs. FSPSX - Volatility Comparison

T. Rowe Price International Equity Index Fund (PIEQX) and Fidelity International Index Fund (FSPSX) have volatilities of 3.80% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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